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Drilling
drilling services account for more than 55 per cent of ongc’s capex. In 2017, 501 wells were drilled, the highest ever in the company’s history. The cycle speed went up by about 25% and cost reduction of over 40% in drilling cost from fy’15 levels was recorded. ongc operates some 105 drilling and 74 work over rigs. It is among the few companies in the world to have drilled 127 deepwater wells in diverse and challenging areas, establishing itself as one of the leading oil drilling companies in india. there has been a major progress in terms of technology infusion – introduction of under-balanced drilling, use of advanced hybrid bits, resource optimization through batch drilling in offshore & pad drilling in onshore. in order to have a more focused approach towards onshore, offshore (shallow waters) and offshore (deep waters) operations a new concept 'company within company' has been rolled out to bring about operational efficiency in offshore drilling operations. an in-house innovative plc controlled safety system for travelling block movement has been successfully installed on an on-shore drilling rig.
Brand Name : ONGC
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